Are you a student dreaming of pursuing an international education in countries like Canada, the UK, the US, or Germany? Or are you a parent who is interested in international education for your child?
The first thing you need to remember is that tuition accounts for only 40-50% of the actual cost of studying abroad. There are additional expenses for visa fees, health insurance, rent, accommodation, food, and many more. On the other hand, a fluctuating exchange rate can significantly increase your budget overnight. More often than not, parents struggle to determine the actual financial costs of sending their child abroad for higher education. The cost of living generally varies by country and city. For example, apartment rent can be significantly higher in New York or London than in tier 2 cities in those countries. Additionally, embassies often ask for legally binding financial proof, such as a German Blocked Account or a Canadian GIC.
Our Study Abroad Cost Estimator provides an easy solution to many of the complexities one can face when planning to study abroad. This foreign study cost estimator requires you to enter your chosen course, country, accommodation, and food arrangements, as well as your scholarship. Then click, and the tool will provide an approx. estimate of expenses. It can help you plan your loan and savings accordingly.
The study abroad cost calculator helps you make an informed decision quickly, reducing uncertainty and financial stress. You can compare various foreign universities and the availability of educational scholarships before making a decision.
Plan your budget and know your tentative cost before applying to your dream university and degree. Use our free study abroad cost estimator and make an informed financial decision for studying abroad today!